In Re Island Helicopter Corp.
United States Bankruptcy Court, E.D. New York
1Opinion of the Court
DECISION
C. ALBERT PARENTE, Bankruptcy Judge.
Long Island Trust Company, N.A. (hereinafter “Trust”), has moved for an order conditioning the debtor’s use of eight helicopters on the adequate protection of Trust’s security interests in these aircraft, pursuant to 11 U.S.C. § 363(e). Trust also seeks to preclude the debtor’s proposed use of certain insurance proceeds to purchase new helicopters, or in the alternative, to condition the proposed use of such proceeds on additional adequate protection.
The debtor has proposed to offer Trust adequate protection for Trust’s security interest in seven of…
2Cases cited12 opinions
- In Re American Mariner Industries, Inc., Debtor. Crocker National Bank v. American Mariner Industries, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1984
- Philko Aviation, Inc. v. ShacketSupreme Court of the United States · 1983
- Bergquist v. Anderson-Greenwood Aviation Corp. (In Re Bellanca Aircraft Corp.)United States Bankruptcy Court, D. Minnesota · 1985
- Grady v. Utica Mutual InsuranceAppellate Division of the Supreme Court of the State of New York · 1979
- In Re Ronald A. Bradt, Debtor and Towne Lincoln-Mercury v. Woodlawn Auto Workers, F.C.U.Court of Appeals for the Second Circuit · 1985
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- In Re 499 W. Warren Street Associates, Ltd. PartnershipUnited States Bankruptcy Court, N.D. New York · 1992
- In Re SorrellUnited States Bankruptcy Court, D. Utah · 2002
- First State Bank v. Asay (In Re Asay)United States Bankruptcy Court, N.D. Texas · 1995
- In Re JohnsonUnited States Bankruptcy Court, D. Rhode Island · 1992
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